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problem 6-8 The standard deviation of Shamrock Corp. stock is 17 percent. The standard deviation of Cara Co. stock is 13 percent. The covariance between
problem 6-8
The standard deviation of Shamrock Corp. stock is 17 percent. The standard deviation of Cara Co. stock is 13 percent. The covariance between these two stocks is 92 . What is the correlation between Shamrock and Cara stock? Round your answer to four decimal placesStep by Step Solution
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